Digital Fixed Deposit
An early start to your savings with Utkarsh Small Finance Bank can help you fulfil your dreams.
Now, say goodbye to paperwork and long queues. Start your savings with our Digital Fixed Deposit today and watch your money grow with us.
The Rate of Interest paid on fixed deposits varies based on tenure and amount. Higher rates of interest are offered to Senior Citizens. What's more! Premature closure is permitted.
Get
Rewards
1 reward point on every 100 spends on debit card
Get
15% discount
1 reward point on every 100 spends on debit card
Get
Free
Cash withdrawal on Utkarsh Bank ATMs
Instant FD booking
No physical Branch visit and documentation required
Completely paperless process
Earn Competitive Interest Rate
Additional 0.60% for Senior Citizens
Pre-mature Closure Charges - Nil
Indian Citizens presently living in India.
Must be of minimum 18 years.
Your Aadhaar must be linked with your Mobile number & PAN Card.
Interest Rates on Domestic Fixed Deposit
Interest Rates on Domestic Tax Saver Fixed Deposit
Apply for your new -age banking now and reap the benefits!
Loan calculator
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Interest Rate 8.00% |
Interest Earned 3,50,452 |
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Maturity Value 13,50,452 |
Maturity Date 20 Apr 2023 |
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(Indicative interest rates for calculation only. click here for latest rates.) |
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FAQs
Opening a Digital Fixed Deposit with Utkarsh Small Finance bank is easy, safe and secure. Log on to [www.utkarsh.bank]and start the journey after clicking on Book Now and keep your Aadhaar Card, PAN Card and the Mobile Number linked to Aadhaar Card handy.
It’s an Instant Process. Once the payment is confirmed, you will be able to download the FD Advise.
You can book Digital Fixed Deposit for a period of minimum 7 days and a maximum of 365/366 days only for Limited KYC.
Customers can book an FD of amount ₹1,000 to ₹90,000 for Limited KYC.
No, As you already have an existing relationship with the Bank [Savings Account] you will not be able to book a Digital Fixed Deposit through this platform. As an existing customer you simply need to download Utkarsh Mobile Banking app from Playstore or Apple store else you can log onto Internet Banking through Bank’s website and register yourself to book the deposits.
Customer can make payment to book FD via UPI.
No, only one Digital FD can be booked using OTP-based KYC. To explore more services, please visit nearest Bank branch to complete your KYC. Visit Utkarsh. bank/locate-us.
Yes, premature withdrawal is allowed in Digital Fixed Deposits. Please visit nearest branch to redeem the Fixed Deposit.
With our Digital Fixed Deposits, you can choose only Maturity interest payment frequency option and the maturity instruction is an auto closure mode.
No, there are no risks in Digital FDs. Digital FDs are non-market-linked instruments, which means the returns they provide do not depend on any capital market involvement. Since the interest rates on Digital FD are pre-fixed, there is no element of surprise or risk. What you see is what you get with Digital Fixed Deposits.
Maturity Amount will be credited back to the account from where the money was received initially
Zero penal charge on premature withdrawal of deposit.
No, there is no need to have a Saving Account in Utkarsh Small Finance Bank to open Digital FD.
The funded amount will be refunded back to the depositor after 3 working days [the refund will be done by considering next day as day 1] without any interest, through NEFT/RTGS/UPI mode. In case of any error in fund transfer, the Bank will issue a Demand Draft in favor of the prospective depositor and will dispatch the same at the customer’s communication address available with us. However, the customer may submit an alternative bank details for fund transfer by visiting the nearest Utkarsh SFBL branch.
A customer can visit the nearest Utkarsh Small Finance Bank to get the interest and TDS certificate.
Digital FD is available for the customers who do not have any existing relationship with the Bank.
Bank’s existing account holders can log on to Internet or Mobile Banking to book an Online FD.
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